Wage Support Essential to Protect Long-Term Jobs

Wage Support Essential to Protect Long-Term Jobs
Commenting on support measures announced to help minimise the economic impact of Coronavirus and steps taken to limit its spread, ADS said direct support to help businesses pay wages throughout the crisis is now essential. ADS Chief Executive Paul Everitt said: “Cash payments to companies to make sure they can keep staff on their books will...

Commenting on support measures announced to help minimise the economic impact of Coronavirus and steps taken to limit its spread, ADS said direct support to help businesses pay wages throughout the crisis is now essential.

ADS Chief Executive Paul Everitt said:

“Cash payments to companies to make sure they can keep staff on their books will minimise both current and future damage to communities and to our economy.

“While Government and the Bank of England have been clear they want to support companies and have put a package of measures in place, businesses are already facing difficult decisions affecting their workforces.

“Companies facing temporary substantial falls in revenue should be offered direct salary support to make sure they do not need to make any workforce reductions.

“This will provide vital protection for jobs and enable businesses to quickly restore normal operations at an appropriate time.”

Source: www.adsgroup.org.uk